Is Western Springs, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Western Springs has remained a Seller's Market.
Housing Prices in Western Springs, IL
How much do homes in Western Springs, IL cost?
Median Sold Price
$693,414
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Western Springs was $693,414 in April 2024, down 0.8% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $301K | - | N/A |
2 Bedrooms | $490K | $580.5K | +18.5% |
3 Bedrooms | $550K | $600K | +9.1% |
4 Bedrooms | $810K | $805K | -0.6% |
5+ Bedrooms | $1.2M | $1.2M | +2.0% |
Summary: Western Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
Hinsdale | $989.5K | $1.2M | +22.8% |
Indian Head Park | $320K | $362.5K | +13.3% |
Lyons Township | $369K | $390K | +5.7% |
Western Springs | $699K | $693.4K | -0.8% |
La Grange | $535K | $530K | -0.9% |
Housing Supply in Western Springs, IL
How many homes are available in Western Springs, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 69 | +9.5% |
Summary: The Western Springs real estate market had 69 homes for sale in April 2024, a 9.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 31 | 31 | 0.0% |
4 Bedrooms | 12 | 19 | +58.3% |
5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Western Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 58.3%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 18 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Western Springs in April 2024, up by 20.0% month-over-month. Of the 18 sold homes, 28% were sold under asking, 28% were sold at asking, and 44% were sold over asking.
Days on Market for Western Springs, IL
How long does it take to sell a home in Western Springs, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 10 Days | -23.1% |
Summary: Homes in Western Springs had an average of 10 days on market in Apr 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Western Springs; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.